The consumer staples sector moved higher in pre-market trading, driven by strong quarterly results from sector heavyweight Procter & Gamble (PG). The company reported earnings and revenue that surpassed analyst expectations, causing its stock to surge over 3% in pre-open trading. This positive catalyst is occurring amid a broader risk-off sentiment in the market, with tech stocks under pressure. This has led to a defensive rotation by investors into sectors like consumer staples, which are generally considered more resilient during times of economic uncertainty.